Tata Consultancy Services gains after setting buyback record date

Tata Consultancy Services (TCS) posted its biggest single-day gain in over two months on Thursday after the country’s largest software exporter announced the record date for its Rs 17,000 crore share buyback.

Shares of TCS rose 2.72 per cent to end at Rs 3,497 on the NSE, where shares worth nearly Rs 1,400 crore changed hands. The Tata group flagship has fixed November 25 as the record date for determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the buyback.